FORMATION OF THE JVC Sample Clauses

FORMATION OF THE JVC. The JVC will be incorporated with the name of INTERNATIONAL POWER PROJECT INVESTMENT LIMITED or such other name as may be mutually agreed and approved by the regulatory authorities in -------------. The registered office of the JVC will be situated at such place as shall be mutually agreed. The JVC will be a private company with liability by share in accordance with the laws of -------------. The liability of the shareholder in the JVC will be limited to their respective investments on this issued and paid-up capital. The MEMORANDUM and ARTICLES OF ASSOCIATION of the JVC shall reflect the terms of this Agreement and be in such form as may be agreed among the PARTIES. It is agreed that as among the PARTIES this Agreement shall prevail and have an overriding effect, notwithstanding anything contained in the MEMORANDUM and ARTICLES OF ASSOCIATION of the JVC. In the event of any inconsistency between this Agreement and the MEMORANDUM and ARTICLES OF ASSOCIATION of the JVC, the PARTIES agree and confirm that this Agreement would prevail and that they would be bound by this Agreement and that they would forthwith take steps to amend the MEMORANDUM and ARTICLES OF ASSOCIATION of the JVC so as to remove such inconsistency.
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FORMATION OF THE JVC. 2.1 The JVC will be incorporated with the name of INTERNATIONAL POWER PROJECT INVESTMENT LIMITED or such other name as may be mutually agreed and approved by the regulatory authorities in -------------. The registered office of the JVC will be situated at such place as shall be mutually agreed.
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FORMATION OF THE JVC. 1.1 Promptly upon the receipt of all authorizations, approvals, licenses and/or clearances from the Korean government or other authorities necessary to carry out the activities contemplated by this Agreement in form and substance satisfactory to all Parties, the Parties shall establish a joint venture company (the "JVC") as a joint stock company (chusik-hoesa) under the laws of Korea.
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FORMATION OF THE JVC 
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Related to FORMATION OF THE JVC

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Incorporation of the Plan All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan shall govern. Unless otherwise indicated herein, all capitalized terms used herein shall have the meanings given to such terms in the Plan.

  • Continuation of the Business of the Partnership After Dissolution Upon (a) dissolution of the Partnership following an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Section 11.1(a)(i) or (iii) and the failure of the Partners to select a successor to such Departing General Partner pursuant to Section 11.1 or Section 11.2, then, to the maximum extent permitted by law, within 90 days thereafter, or (b) dissolution of the Partnership upon an event constituting an Event of Withdrawal as defined in Section 11.1(a)(iv), (v) or (vi), then, to the maximum extent permitted by law, within 180 days thereafter, the holders of a Unit Majority may elect to continue the business of the Partnership on the same terms and conditions set forth in this Agreement by appointing as a successor General Partner a Person approved by the holders of a Unit Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then:

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization of the Purchaser The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation.

  • Incorporation of the Agreement All capitalized terms which are not defined hereunder shall have the same meanings as set forth in the Agreement, and the Agreement, to the extent not inconsistent with this Amendment, is incorporated herein by this reference as though the same were set forth in its entirety. To the extent any terms and provisions of the Agreement are inconsistent with the amendments set forth in Paragraph 2 below, such terms and provisions shall be deemed superseded hereby. Except as specifically set forth herein, the Agreement shall remain in full force and effect and its provisions shall be binding on the parties hereto.

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